LONDON - Amundi Physical Metals plc (GLDA) has announced the issue of 805,000 ETC Securities, which represents Tranche 650 of the Amundi Physical Gold ETC. This addition increases the total number of ETC Securities immediately following the issue to 56,078,159.00.
The newly issued tranche, dated January 23, 2025, has an initial metal entitlement of 0.04 fine troy ounces per security, reflecting a slight decrease from the initial entitlement at the series issue date on May 23, 2019. The total expense ratio remains at a competitive 0.12% per annum.
Amundi's Physical Gold ETC offers investors exposure to the gold price, aiming to replicate the performance of the metal without the necessity of physical delivery. The ETC Securities are backed by allocated gold, stored in HSBC Bank plc's London vault, ensuring each security is linked to a specific amount of gold.
Investors can gain exposure to gold by purchasing ETC Securities through authorized participants, with the option for buy-backs and redemptions under the program's terms. The ETC Securities are designed for both retail and professional clients, offering a secure and liquid investment in gold.
The ETC Securities have been admitted to trading on several major European exchanges, including Euronext (EPA:ENX) Paris, Euronext Amsterdam, Deutsche Börse, Borsa Italiana, and the London Stock Exchange (LON:LSEG). Applications have also been made for trading on the International Quotation System of the Mexican Stock Exchange, with potential for additional listings in the future.
This issuance is based on a press release statement and reflects Amundi's ongoing commitment to providing investors with a variety of options to access the gold market.
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